Prime Minister's Adviser and PMO spokesperson Mahdi Amin on Saturday urged US investors to expand their footprint in Bangladesh, saying the government is committed to ensuring a level playing field, policy stability and a business-friendly environment to attract more foreign direct investment (FDI).
"The government considers the private sector as the main engine of economic growth and will provide all possible policy support to facilitate investment," he said while addressing an event marking the 250th anniversary of US independence.
The program was organised by the American Chamber of Commerce in Bangladesh (AmCham), in association with the US Embassy in Dhaka, at a hotel in the capital.
Mahdi Amin said the government is working to restore foreign investors' confidence through transparency, accountability, good governance and the rule of law. He said Bangladesh offers significant investment opportunities, backed by its large domestic market, young workforce and expanding middle class.
He said the government has already introduced a series of investment-friendly measures, including easier profit repatriation, liberal economic policies and tax incentives in economic zones, industrial parks and high-tech parks.
Referring to concerns over unequal competition in the past, the adviser said the government is determined to eliminate unfair advantages and ensure equal opportunities for both local and foreign investors.
He called on leading US companies to increase FDI in Bangladesh by transferring technology and expertise, creating jobs and strengthening local industries through partnerships.
Mahdi Amin identified aviation, energy, information and communication technology (ICT), textiles, pharmaceuticals, agro-based exports and flight engineering as priority sectors for bilateral investment and cooperation.
He also stressed the need to turn "brain drain" into "brain circulation" by encouraging skilled Bangladeshi professionals living in the United States to contribute to the country's economic and technological advancement.
The adviser invited US companies to organise investment roadshows in Bangladesh and engage more closely with government policymakers to explore new business opportunities.
Expressing optimism about the future of Bangladesh-US economic ties, Mahdi Amin said successful American investments would encourage more global investors to tap into Bangladesh's growing economic potential.
He also thanked AmCham and the US Embassy for their continued support in promoting bilateral trade and investment cooperation.